Institutions Drive CME Crypto Options to $9B as ETH, SOL, XRP Set Records
Institutional investors are pouring into CME Group’s regulated crypto derivatives markets, setting a series of records across futures and options tied to ether , solana and XRP, CME told CoinDesk on Thursday.
Since October 10, open interest across CME’s crypto futures and options has jumped 27%, a surge the exchange attributes to a shift away from offshore markets following a wave of liquidations last week.
On Tuesday, open interest in ETH futures reached 48,600 contracts — the highest on record — with SOL and XRP futures also hitting all-time highs at 20,700 and 10,100 contracts, respectively.
Options open interest hit $9 billion, another record, underscoring how more traders are using CME products to hedge or…
